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General Motors Technical Analysis - General Motors Trading: 2022-02-10
GM Technical Analysis Summary
Below 47.58
Sell Stop
Above 55.44
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
GM Chart Analysis
GM Technical Analysis
The technical analysis of the General Motors stock price chart on daily timeframe shows #S-GM, Daily has fallen below the support line and the 200-day moving average MA(200) which has tilted downward. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 47.58. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 55.44. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (55.44) without reaching the order (47.58), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - GM
General Motor’s stock fell after Morgan Stanley downgraded company’s stock rating. Will the GM stock price continue retreating?
General Motors Company is an American multinational automobile manufacturer which sells automobiles and commercial vehicles under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. Its market capitalization is $77.2 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 7.9 currently, GM’s revenue for the twelve months trailing was $127B and the Return on Equity (ttm) is 17.22%. on Tuesday morning, Morgan Stanley cut GM's rating on to equal weight, from overweight, and lowered its price target by 26.7%. The stock price took an immediate 5% hit from the downgrade. Rating downgrade is bearish for a stock price. At the same time General Motors announced it plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output. Successful implementation of plans for higher production are an upside risk for the GM stock.
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